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Sitharaman Holds Talks on Investment and Cooperation Abroad

Nirmala Sitharaman is India’s Finance Minister.

She held meetings with officials from four countries while attending an Asian Infrastructure Investment Bank meeting in Qatar.

India and Saudi Arabia discussed putting their investment treaty into action soon.

The treaty is meant to make investing between the two countries more predictable.

Switzerland said it sees opportunities to invest in India and discussed financial cooperation.

Sitharaman encouraged Swiss investors to look at Indian infrastructure and financial-services projects.

India and Nepal talked about helping Nepal recover from floods.

They also discussed making a payment connection between India’s UPI and Nepal’s NPI work more effectively.

India and Jordan discussed cooperation and a plan to increase trade between the countries by 2030.

Key facts

Saudi Arabia: The two sides welcomed the successful conclusion of negotiations on the India-Saudi Arabia Bilateral Investment Treaty and discussed early implementation.
Switzerland: Swiss officials cited opportunities for portfolio diversification and investment in India and sought support for finalising a Bilateral Investment Protection Agreement.
Indian infrastructure: Sitharaman promoted the National Investment and Infrastructure Fund as a channel for foreign investment.
GIFT IFSC: Swiss investors and financial-services entities were invited to explore India’s financial-services centre, which offers financial products, tax benefits and a business-friendly environment.
Nepal: India and Nepal discussed Nepal’s reconstruction and recovery priorities following floods.
Digital payments: The early operationalisation and utilisation of the UPI-NPI linkage was discussed as beneficial to both countries.
Jordan trade target: India highlighted a goal of increasing bilateral trade with Jordan to USD 5 billion by 2030.

thehansindia.com · 2 hrs ago

deccanchronicle.com · 2 hrs ago